If opening stock is Rs. 2,45,000, Purchases Rs. 15,00,000, Sales Rs. 17,40,000 and Rate of gross profit on cost is 20%, then closing stock will be
A. Rs. 3,53,000
B. Rs. 2,95,000
C. Rs. 2,45,000
D. Rs. 1,95,000
Answer: Option B
This Question Belongs to Commerce >> Accounting
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